Leadership & Pay ·
Catalyst Bancorp, Inc. filed a Form 8-K on August 17, 2026, disclosing that its wholly owned subsidiary, Catalyst…
CLSTCatalyst Bancorp, Inc.
Catalyst Bancorp, Inc. filed a Form 8-K on August 17, 2026, disclosing that its wholly owned subsidiary, Catalyst Bank, entered into an employment agreement with Joseph B. Zanco for his continued service as President and Chief Executive Officer. The three-year term runs from August 17, 2026, to August 17, 2029, with a base salary of $350,000 subject to Board discretion for increases. The agreement includes maximum allocations under stock-based benefit plans, additional life insurance coverage of $500,000, and continuation of a $750,000 supplemental executive benefit vesting over 15 years. Severance provisions provide for twelve months' salary upon involuntary termination without cause or good reason, escalating to thirty-six months in the event of a change in control. Catalyst Bancorp operates as a bank holding company.